Wednesday, 2 September 2009

Anglo Swiss Completes Milestone Brokered Financing

Anglo Swiss Resources Inc.
(TSX-V: ASW) (OTCBB: ASWRF) (BERLIN: AMO)
Basic Shares 130.2 million
Fully Diluted 150 million

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Anglo Swiss has raised funds in the past but the September 1st closing of a $2.1 million financing through Kingsdale Capital Markets Inc. could be the most important funds that Anglo has raised to date.

Toronto based Kingsdale Capital represents the first brokered private placement that Anglo has completed. Having a financier with the credibility of Kingsdale has helped get institutional interest in Anglo's story and stock as Kingsdale has a long track record in the small cap market.

What is important is that much of this financing was taken up by fund managers including some very well known names.

Anglo sold 7 million units at $0.30 with each unit consisting of one common share and one-half common share purchase warrant exercisable for two years at $0.60.

The company could have raised more money but only wanted a minimum amount of dilution in its stock at this price.

These funds will be used for further exploration and to complete it mill facility at its Kenville Gold Mine near Nelson BC.

See full news release here..........